The AUD/USD pair fell during the session on Thursday, breaking through the 0.88 level yet again. Nonetheless, this market continues the downtrend we have seen for some time and we have now broken fresh new lows. With that, we are short of the Australian dollar yet again, and fully expect to see this market at the 0.85 level given enough time. Any short-term rallies at this point time will simply be selling opportunities as far as we can tell, and the fact that the Aussie lost ground on a day that gold did so well tells us just how weak this currency is at the moment.
